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Keyword: industrial organization;
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Daniel Gottlieb and Xingtan Zhang
We study contracts between naive present-biased consumers and risk-neutral firms. We show that the welfare loss from present bias vanishes as the contracting horizon grows. This is true both when bargaining power is on t...Read more...
1 March 2021
This paper reviews the recent literature on game-theoretic models of market structure and their empirical implementation....Read more...